Trek Financial LLC Acquires New Shares in iShares U.S. Telecommunications ETF $IYZ

Trek Financial LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 165,233 shares of the exchange traded fund’s stock, valued at approximately $5,330,000. Trek Financial LLC owned approximately 0.90% of iShares U.S. Telecommunications ETF at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of iShares U.S. Telecommunications ETF by 4.7% in the 1st quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock valued at $4,527,000 after purchasing an additional 7,358 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of iShares U.S. Telecommunications ETF by 393.2% during the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after acquiring an additional 213,827 shares during the period. Jane Street Group LLC lifted its position in iShares U.S. Telecommunications ETF by 126.6% in the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock valued at $639,000 after acquiring an additional 13,023 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares U.S. Telecommunications ETF by 200.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,800 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 3,200 shares during the period. Finally, Yeomans Consulting Group Inc. acquired a new position in iShares U.S. Telecommunications ETF in the 2nd quarter worth $1,048,000.

iShares U.S. Telecommunications ETF Price Performance

BATS:IYZ traded up $7.44 during trading hours on Friday, reaching $34.19. 445,956 shares of the stock were exchanged, compared to its average volume of 880,796. iShares U.S. Telecommunications ETF has a twelve month low of $21.55 and a twelve month high of $30.50. The firm has a 50 day moving average of $33.31 and a 200 day moving average of $32.09. The stock has a market cap of $630.71 million, a PE ratio of 14.09 and a beta of 0.90.

iShares U.S. Telecommunications ETF Company Profile

iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.